Grab Holdings 2025 Q2 Earnings Record Net Income Surges 129.4%

Grab Holdings (GRAB) reported its fiscal 2025 Q2 earnings on Jul 30th, 2025. The company exceeded expectations with a notable return to profitability, recording a net income of $20 million, a significant turnaround from the net loss of $68 million in 2024 Q2. In terms of guidance, Grab anticipates a robust second half, with adjusted EBITDA expected to surpass the first half's performance. This positive outlook reflects the company's strategic focus on sustainable growth and innovation in its ecosystem.

Revenue
The total revenue of Grab Holdings increased by 23.3% to $819 million in 2025 Q2, up from $664 million in 2024 Q2.

Earnings/Net Income
Grab Holdings returned to profitability with EPS of $0.01 in 2025 Q2, reversing from a loss of $0.01 per share in 2024 Q2, marking a 200.0% positive change. The company achieved a remarkable turnaround with net income of $20 million in 2025 Q2, representing a 129.4% positive swing from the net loss of $68 million in 2024 Q2. The EPS improvement signals a strong financial recovery.

Price Action
The stock price of Grab Holdings has edged down 0.28% during the latest trading day, has edged down 1.49% during the most recent full trading week, and has climbed 7.52% month-to-date.

Post-Earnings Price Action Review
The strategy of purchasing Grab Holdings shares after its revenue increase on the financial report release date and holding them for 30 days resulted in a -13.52% return, significantly underperforming the benchmark return of 35.11% for the same period. This indicates an excess return of -48.62% and a compound annual growth rate (CAGR) of -3.92%, reflecting a decline in investment value over the three-year period. Despite the company's strong financial performance, the strategy did not yield favorable results, highlighting the unpredictability of stock price movements relative to earnings announcements.

CEO Commentary
Ping Yeow Tan, CEO, highlighted Grab's robust performance in Q2 2025, noting "group MTUs scaling to another all-time high" and a 21% year-on-year increase in on-demand GMV. He emphasized that growth is driven by demand-led initiatives and a focus on affordability, which is crucial amid macroeconomic uncertainties. Tan reiterated that "we expect to sustain this growth momentum" and underscored the importance of product and tech-led innovations in driving the ecosystem's flywheel. He expressed confidence in the company's resilience and profitability, stating that the strategy will continue to foster sustainable and profitable growth.

Guidance
Grab anticipates accelerating on-demand GMV growth rates relative to 2024 levels, with adjusted EBITDA in the second half expected to be substantially stronger than the first half. The CEO projected that total loan disbursals across GrabFin and digital banks would reach close to $3 billion on an annualized run rate in Q2, and the company aims for significant growth in adjusted free cash flow generation, having reached $229 million over the trailing twelve months.

Additional News
In recent weeks, Grab Holdings announced a significant $1.5 billion convertible senior note offering to strengthen its balance sheet and enhance strategic flexibility. Additionally, the company has actively engaged in share buybacks, purchasing 58 million Class A ordinary shares for $274 million in Q2 2025. The buyback initiative underscores Grab's commitment to optimizing shareholder value. Furthermore, GrabCab's launch in Singapore expanded the company's presence in the mobility sector, introducing eco-friendly vehicles to enhance customer experience. These strategic moves indicate Grab's focus on fortifying its financial position and diversifying its service offerings.